Pro Farmer's Daily Advice Monitor
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- June 11: No changes.
- June 10: No changes.
- June 9: No changes.
- June 8: No changes.
- June 7: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
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Corn |
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Cash-only marketers |
2020 crop: 90% sold 2021 crop: 30% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 30% forward sold for harvest delivery |
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Hedgers — futures/options |
No positions |
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Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks in case of a summer weather rally. |
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Soybeans |
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Cash-only marketers |
2020 crop: 90% sold 2021 crop: 30% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 30% forward sold for harvest delivery |
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Hedgers — futures/options |
No positions |
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Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks in case of a summer weather rally. |
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Wheat |
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Cash-only marketers |
2021 crop: 60% sold 2022 crop: 10% forward sold for harvest delivery next year |
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Hedgers — cash sales |
2021 crop: 60% sold |
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Hedgers — futures/options |
No positions |
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Get current with advised 2021- and 2022-crop sales. |
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Cotton |
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Cash-only marketers |
2020 crop: 90% sold 2021 crop: 40% forward sold for harvest delivery |
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Hedgers — cash sales |
2020 crop: 90% sold 2021 crop: 40% forward sold for harvest delivery |
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Hedgers — futures/options |
No position |
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Get current with advised old- and new-crop sales. We'll give futures a chance to challenge the spring highs before finishing old-crop sales unless recent support fails to hold. |
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Livestock |
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Cattle |
2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
0% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Carry all risk in the cash market for now. |
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Hogs |
2nd qtr. 2021 |
0% |
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3rd qtr. 2021 |
25% in July at $95.375 |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Be prepared to add to third-quarter hedges and possibly establish fourth-quarter hedges. |
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Feed |
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Corn |
2nd qtr. 2021 |
100% |
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3rd qtr. 2021 |
25% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Get current with advised corn-for-feed coverage. Be prepared to extend coverage if the market drops below the recent lows. We are targeting a drop to the $6.30 area in old-crop futures and to $5.30 in new-crop futures to extend coverage. |
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Meal |
2nd qtr. 2021 |
100% |
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3rd qtr. 2021 |
58% |
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4th qtr. 2021 |
0% |
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1st qtr. 2022 |
0% |
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Get current with advised cash feed coverage. Be prepared to extend coverage on a drop to the mid- to low-$380 range in September futures. |
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